Context NewsAirline Deutsche Lufthansa stated on Could 21 it was in “advanced discussion” with the German authorities over a 9 billion-euro bailout. German state bank KfW will lend Lufthansa three billion euros. The remainder of the package deal might be cut up between a so-called silent participation, a capital improve and a convertible bond, all supplied by Germany’s Financial Stabilisation Fund, WSF.
On Could 19, American Airways President Robert Isom stated the corporate may use its loyalty program as collateral for secured U.S. loans, in line with Reuters. The corporate is discussing phrases for a $4.75 billion Treasury loan, along with the $5.eight billion the corporate has already taken.